These types of videos are the ones I learn the most from. Had a difficult trading day today too so I found this to be very helpful. Thank you for taking the time to upload this one Vincent!
May I ask if your stop loss is manually entered or automated? I am currently learning to improve my trade - this is one of my pain points as well. I spotted a broadening wedge on Meta. If you draw a line connecting wicks 453 & $496.79 and then connect 472 wick & 522. Everything showed signs of bearish reversal which it did but right before actual confirmation it bounce continuing its bullish move. Getting to my final question - Do you switch direction when this happens or do you walk away?
Nice to talk about that bro, I have an old fashion board beside my pc where I wrote the golden rules like this one ( did the price brake the previous high/low) and its really helping me to revise all the basics before opening a trade! thanks for sharing cheers!
Hey Vincent im curious i trade only qqq and i also break and retest should pay attention to the spy while trading qqq or is it possible for me to be successful trading only qqq and not looking at spy?
Grate brake down i did the same thing shirt the es futures i looked back at it an i shorted on trend brake i seen that previous level and said it to my self even before i got in that level holds its not gonna dump was small loss least i stuck to my stops but the major issue i have is my risk reward 1 trade wipes out all my work then u know i get down on my self and then it just bleeds into the next trades were i hesitate to enter i see good trades all the time but thowes issues really hilding me back tips tricks to overcome this frustrating issue i know never gonna not feal uncertainty of a trade working but hiw do the pros supress that emotion thanks to all
What are your thoughts on NVDA today? I got stuck in similar scenario. It had morning grind bear flag into that $827 level then multiple tops reject but never fully rejected. Do you have any rules on multiple top rejects that you follow?
i was on vacation for 2 month i came back on April 18/24 and start watching your video i am not on any coaching or training with another guy because this is the best place to Learn to trade i was said this video will help us all that mean who ever watching this video he well get help from this video please be positive .
Great video as always. I like when you pull up your Tradezella so we can see inside your mindset on entries and exits, would have loved to seen it on this one. I always learn more from losing trades than winning trades.
Honestly, something you may want to experiment with, is using the 5m 10 & 21ema's, to help judge consolidation. I Look for double top'ish and Head & shoulder type behaviors, using the ema's, to help with entry timing. If you look closely, there is an inverted H&S right there under 425. Not trying to be a "know it all", just things I have studied closely to help judge the likelihood, of reversal follow through.... If you see these behaviors with a 5m & 15m RSI divergence, even better.
Happens to me all the time brother. Something I noticed on that trend breakdown was that there was a bullish FVG/imbalance where candles never closed below it and that was an indicator to go long.
I can relate with you on that one, I was also in the trade and was waiting for the reversal that never happened, I should have been more patient before I took the trade. The Grind Days are definitely my Weakness and I Must learn from this! Thanks Vincent! ❤
This hits home for me like no other video has. That's because this week I finally decided to trade on live account and did exactly the same mistakes as you just described here. Seeing my real money leaving the account makes me that much focused on correcting them. Those are hard learnt lessons but I had to make the switch because I was treating paper trading lightly as I should've been. Thank you!
Weekly Demand area. PMI news events (ISM and Manufacturing) are all day, 1 directional movement. Look back over the last 6 months to a year of data and note how the markets were already pre-priced to do so
I made the same mistake. I gotta stop being proactive and start being reactive. I tried to often to get in early to make more and half the time it cost me.
Hey Vince/everyone my problem today was trying to short that 521 level. Any tips/help anyone can give me an if it’s a bad trade or how you got over the same issue? I find myself jumping into shorts at supply too early
Great educational Video!! This has been a mistake that I have notice that I make too using S/D. Now I often look at the 4 indices to get more of a context clue
It wasn't an A+ setup, but it was B-B+, so not a bad trade to try. Even a great trader like you isn't going to win them all. I actually took it long off the bottom of the move based on watching order flow and delta - you could see the sell orders unable to push through and take it lower. There was too much buy interest just waiting to buy the pullback and they exhausted the sellers and back up we went.
Bro, you know I respect you A LOT and I think you are the best trader on TH-cam BUT I think sometimes you disrespect your original stop loss and move that stop loss further and further like hoping and praying. Please don't get upset and don't get me wrong. I think you could have saved some loses if respecting your original stop loss. Anyways you will make that up in 3 minutes. Peace and I will see you tomorrow profiting 20K.
Not a bad idea to short supply but some days don't have as many signals as you sort of comment on. DXY dropped and yields went down with VIX getting crushed since yesterday. It kind of feels like discretionary trading, but you don't short every level just because you can if the market doesn't align. Great content as always
I share that...those slowly grinding days, i wait for a good pullback but noo...not coming...and I endup fomoing...Trendlines can be tricky if you fail to confirm that the trend has indeed changed as you said
There was no follow through to the downside on 5 min. I usually take these trades and stupidly average against trend and blow my account. If break and hold below 48 Ema, going short. Today it held very well on 5 min. Thanks for sharing.
I took the same trade, i wouldnt even say it was pre mature (for me anyway) just didnt work out. Thats a quality setup in my eyes , i feel like if I waited for a flush down through that previous high ($2 off the rejection spot) id be chasing the move. That being said grind up days are the hardest for me too and its hard not to hindsight trade after the fact. Love all the videos, they definitly have helped me an insane amount
Definitely didn't wait for the confirmation. Confirmation is key. How I prematurely entered I will never know however I retested this play over and over the last hour. Back to the Lab I go. Thanks @Vince. You mentorship is paying dividends!
Great video man! I can’t stand trading on these grinding days. Nothing seems like a good entry and you can see things both directions. Hard to get that good trade in
Once again, great video great analysis we all get caught up in those kind of type of day trays and things like that so me personally I focus on overall levels extremely over soul levels and I’m a swing trader and just to make 10% profit on my trades and keep it moving I don’t do overtrading Get carried away with Trading on a daily basis and we could anticipate any type of move the market react any type of way so we always subject to loss just play a good position. Size be comfortable in your position and that’s about it man I hope everybody gets what they looking for out of the market and that’s just to make money and create a different lifestyle for us. You know all, let’s get rich and let’s do it this year. Let’s make things happen that’s about it.
We just had another such day on Thursday, August 8, 2024. Actually Friday 8/9 as well. The SPY is clearly in a bearish trend, but it was grinding higher most of the day on low volume. I was looking for shorts both days, and never saw any good entry set-ups that I'm typically looking for. I didn't want to take anything long when the overall SPY trend is down.
Awesome video. Great learning experience for all of us. I am new to your channel and have really learned so much about day trading and from your trading methodology. I am a long time swing trader, and am doing great this week from the TQQQ investments I made at the end of last week and continue to hold this week. Honestly, I was prepared to wait weeks if not months for a return on those TQQQ's, so this week has been a pleasant surprise. I found day trading today quite difficult, getting faked out of day trade entry positions only to see the market continue to grind up. Videos like this are priceless sources of information to help me be a better day trader and a better swing trader. Thank you Vince for being so transparent and sharing your lessons learned.
Thanks for carrying us along. Really appreciate your transparency and for using your mistakes to teach others. Today was a loss for me too. I need to rewatch this video, not because it is complex but because repetition is the key to getting it to begin to sink in. LIKE button smashed for sure!💯💯
Got me to bro that exact level on NQ twice! I was annoyed so I changed my bias and went long and recovered my losses.. not proud of it but we've all been there. I was responsible enough to close my accounts after that but April has been rough for sure.
Yes in hindsight, however if you wait for all that confirmation the trade is usually long gone in reality. If the market is going to be manipulated and algo'd all day there's not much you can do.
i honestly dont think that was bad trade vincent . that was a great level to short just got unlucky it slowly grinded up all day. but you stuck to yuor plan so its all good keep it up
if you watched market internals, it would have told you to stay on that trade. $TICK, $ADD, and $VOLSP was all positive and not moving, so definitely things aren't going to move to the negative side during power hour.
If you notice.. once Qs hit that resistance .. price started to consolidate in kinda of an ascending triangle , that’s bullish consolidation.. once that double top failed you could guess that downside was gonna be sketchy
Vince that’s exactly what happened to me when I see that big red candle, I entered put and continue to grind the market up😂, lesson learned brother. Vince thanks for everything you do for to educate
90 percent of my losses are going against trend
99.999% for me haha
Went against SPY today like a goofy thinking it would run out of gas 🤦🏾♂️
Same here….lol
Same here, brother. Frustrating
But why do we keep shorting in an uptrend? So draining when zooming out and seeing this mistake.
These types of videos are the ones I learn the most from. Had a difficult trading day today too so I found this to be very helpful. Thank you for taking the time to upload this one Vincent!
May I ask if your stop loss is manually entered or automated? I am currently learning to improve my trade - this is one of my pain points as well. I spotted a broadening wedge on Meta. If you draw a line connecting wicks 453 & $496.79 and then connect 472 wick & 522. Everything showed signs of bearish reversal which it did but right before actual confirmation it bounce continuing its bullish move. Getting to my final question - Do you switch direction when this happens or do you walk away?
Nice to talk about that bro, I have an old fashion board beside my pc where I wrote the golden rules like this one ( did the price brake the previous high/low) and its really helping me to revise all the basics before opening a trade!
thanks for sharing cheers!
Hey Vincent im curious i trade only qqq and i also break and retest should pay attention to the spy while trading qqq or is it possible for me to be successful trading only qqq and not looking at spy?
Grate brake down i did the same thing shirt the es futures i looked back at it an i shorted on trend brake i seen that previous level and said it to my self even before i got in that level holds its not gonna dump was small loss least i stuck to my stops but the major issue i have is my risk reward 1 trade wipes out all my work then u know i get down on my self and then it just bleeds into the next trades were i hesitate to enter i see good trades all the time but thowes issues really hilding me back tips tricks to overcome this frustrating issue i know never gonna not feal uncertainty of a trade working but hiw do the pros supress that emotion thanks to all
Definitely waiting for confirmation is tough one. Jumping the gun is something I've done too many times.
What are your thoughts on NVDA today? I got stuck in similar scenario. It had morning grind bear flag into that $827 level then multiple tops reject but never fully rejected. Do you have any rules on multiple top rejects that you follow?
Days like these are really hard. Signal to go short keeps getting invalidated, and bad RR to go long (especially at the stall-out)
Its because the entire market is rebounding from previous week's selloff
Were those 0 DTE puts or end of week?
good video.. rather than just going for trend break, wait for new trend confirmation to enter, on either side. I like it, cheers! Definitely helpful
i was on vacation for 2 month i came back on April 18/24 and start watching your video i am not on any coaching or training with another guy because this is the best place to Learn to trade i was said this video will help us all that mean who ever watching this video he well get help from this video please be positive .
Days like this is tough for me too. Slow grind days to the upside is also my kryptonite for sure.
same. for scalpers, it's just so much risk for small gain, tough entries etc. gotta sit some out
Same issue here man although I did short at the highs. Managed to get out with not much loss but still not a good day for me.
scalp?
but he is not a scalper, that's why it can be difficult.
Thanks man. On a day like today I just look for the good ole break and retest. Works beautifully
This is exactly what happened to me 😅
Great video as always. I like when you pull up your Tradezella so we can see inside your mindset on entries and exits, would have loved to seen it on this one. I always learn more from losing trades than winning trades.
Market breadth was very strong (AD/ADSPD) so pullbacks, if any, almost always get bought up. Not good for shorting.
Thank you for your honesty and transparency ✊🏾✊🏾✊🏾
Honestly, something you may want to experiment with, is using the 5m 10 & 21ema's, to help judge consolidation. I Look for double top'ish and Head & shoulder type behaviors, using the ema's, to help with entry timing. If you look closely, there is an inverted H&S right there under 425. Not trying to be a "know it all", just things I have studied closely to help judge the likelihood, of reversal follow through.... If you see these behaviors with a 5m & 15m RSI divergence, even better.
Great lesson V… I made this same mistake too many times… thanks
Happens to me all the time brother. Something I noticed on that trend breakdown was that there was a bullish FVG/imbalance where candles never closed below it and that was an indicator to go long.
The PMI readout at 9:45 was a warning not to short today..
Great point, absolutely love to hear this, need confirmation
Feels like trend breakdowns will be the new trend for the foreseeable future. I was waiting for the pinata to break today too.
I can relate with you on that one, I was also in the trade and was waiting for the reversal that never happened, I should have been more patient before I took the trade. The Grind Days are definitely my Weakness and I Must learn from this! Thanks Vincent! ❤
This hits home for me like no other video has. That's because this week I finally decided to trade on live account and did exactly the same mistakes as you just described here. Seeing my real money leaving the account makes me that much focused on correcting them. Those are hard learnt lessons but I had to make the switch because I was treating paper trading lightly as I should've been. Thank you!
Weekly Demand area. PMI news events (ISM and Manufacturing) are all day, 1 directional movement. Look back over the last 6 months to a year of data and note how the markets were already pre-priced to do so
@Click-on-photo64 get lost, bot
I made the same mistake. I gotta stop being proactive and start being reactive. I tried to often to get in early to make more and half the time it cost me.
Good call out man! 🤘🏾
Same thing happened to me
Tremendous help, thank you
Hey Vince/everyone my problem today was trying to short that 521 level. Any tips/help anyone can give me an if it’s a bad trade or how you got over the same issue? I find myself jumping into shorts at supply too early
Also, this page has helped me tremendously. Forever grateful.
Thanks for this dude. I constantly need to remember to wait for confirmation even if that means there's no retest after the break
I don't think there's anything wrong with taking that first short as a starter, ideally playing it tight and can add on continuation.
I agree, not a bad idea & had a structured stop. Likely an avoidable loss if I waited for some more confirmation. Thanks for the quality feedback.
Awesome recap and learning lesson! Thank you for all that you do!!!
Great educational Video!! This has been a mistake that I have notice that I make too using S/D. Now I often look at the 4 indices to get more of a context clue
It wasn't an A+ setup, but it was B-B+, so not a bad trade to try. Even a great trader like you isn't going to win them all. I actually took it long off the bottom of the move based on watching order flow and delta - you could see the sell orders unable to push through and take it lower. There was too much buy interest just waiting to buy the pullback and they exhausted the sellers and back up we went.
Avoid shorting!
Thank you Vincent
Bro, you know I respect you A LOT and I think you are the best trader on TH-cam BUT I think sometimes you disrespect your original stop loss and move that stop loss further and further like hoping and praying. Please don't get upset and don't get me wrong. I think you could have saved some loses if respecting your original stop loss. Anyways you will make that up in 3 minutes. Peace and I will see you tomorrow profiting 20K.
Not a bad idea to short supply but some days don't have as many signals as you sort of comment on. DXY dropped and yields went down with VIX getting crushed since yesterday. It kind of feels like discretionary trading, but you don't short every level just because you can if the market doesn't align. Great content as always
I share that...those slowly grinding days, i wait for a good pullback but noo...not coming...and I endup fomoing...Trendlines can be tricky if you fail to confirm that the trend has indeed changed as you said
Thank You
There was no follow through to the downside on 5 min. I usually take these trades and stupidly average against trend and blow my account. If break and hold below 48 Ema, going short. Today it held very well on 5 min. Thanks for sharing.
Thank You!
I took the same trade, i wouldnt even say it was pre mature (for me anyway) just didnt work out. Thats a quality setup in my eyes , i feel like if I waited for a flush down through that previous high ($2 off the rejection spot) id be chasing the move. That being said grind up days are the hardest for me too and its hard not to hindsight trade after the fact. Love all the videos, they definitly have helped me an insane amount
Great video.
I was doing the same. Shorting COIN at prev supply level 236-238
I did the same thing on the SPY around 11:00am. Ouch.
Subscribed. Thank you for this insight. Today was really some painful to trade both ways
Definitely didn't wait for the confirmation. Confirmation is key. How I prematurely entered I will never know however I retested this play over and over the last hour. Back to the Lab I go. Thanks @Vince. You mentorship is paying dividends!
Great video man! I can’t stand trading on these grinding days. Nothing seems like a good entry and you can see things both directions. Hard to get that good trade in
Good point on rejected but still on the uptrend channel 👍
Vince thank you as always for your transparency
Thanks Desi
Right on point
oh thank you desiano this video will Help all of us stay blessed ....
I make that same mistake. It drives me crazy. Thanks for being honest.
Thank you for this very educational video Vince... you give so much value to the real trading community
Once again, great video great analysis we all get caught up in those kind of type of day trays and things like that so me personally I focus on overall levels extremely over soul levels and I’m a swing trader and just to make 10% profit on my trades and keep it moving I don’t do overtrading Get carried away with Trading on a daily basis and we could anticipate any type of move the market react any type of way so we always subject to loss just play a good position. Size be comfortable in your position and that’s about it man I hope everybody gets what they looking for out of the market and that’s just to make money and create a different lifestyle for us. You know all, let’s get rich and let’s do it this year. Let’s make things happen that’s about it.
Always took trade against trend. That’s why I’m still looser side. 1.5 years doing trading, how can I solve it.
We just had another such day on Thursday, August 8, 2024. Actually Friday 8/9 as well. The SPY is clearly in a bearish trend, but it was grinding higher most of the day on low volume. I was looking for shorts both days, and never saw any good entry set-ups that I'm typically looking for. I didn't want to take anything long when the overall SPY trend is down.
Great video! I am always learning from you, Vince
I did the same thing .
Awesome video. Great learning experience for all of us. I am new to your channel and have really learned so much about day trading and from your trading methodology. I am a long time swing trader, and am doing great this week from the TQQQ investments I made at the end of last week and continue to hold this week. Honestly, I was prepared to wait weeks if not months for a return on those TQQQ's, so this week has been a pleasant surprise. I found day trading today quite difficult, getting faked out of day trade entry positions only to see the market continue to grind up. Videos like this are priceless sources of information to help me be a better day trader and a better swing trader. Thank you Vince for being so transparent and sharing your lessons learned.
Thanks for carrying us along. Really appreciate your transparency and for using your mistakes to teach others. Today was a loss for me too. I need to rewatch this video, not because it is complex but because repetition is the key to getting it to begin to sink in. LIKE button smashed for sure!💯💯
I thought I was the only one who is been dealing with this. Thanks for explaining it very well.
I did the same today, trying to short when I had to long
Got me to bro that exact level on NQ twice! I was annoyed so I changed my bias and went long and recovered my losses.. not proud of it but we've all been there. I was responsible enough to close my accounts after that but April has been rough for sure.
Yes in hindsight, however if you wait for all that confirmation the trade is usually long gone in reality. If the market is going to be manipulated and algo'd all day there's not much you can do.
i honestly dont think that was bad trade vincent . that was a great level to short just got unlucky it slowly grinded up all day. but you stuck to yuor plan so its all good keep it up
Thus I always have pre day high, pre day low and also pre mkt high low on my chart.
I been caught like that before coach so I get it thanks for the video about this on the market
Thanks for the advice. Got caught on the wrong side as well.
if you watched market internals, it would have told you to stay on that trade. $TICK, $ADD, and $VOLSP was all positive and not moving, so definitely things aren't going to move to the negative side during power hour.
qqq was the play desi upside
I got smacked today I had a pretty decent sized supply zone an Knowing price was choppy I let my loser play out a lot more than I usually would have
I took the exact same trade, wrecked, no more puts above pdh with such strong internals for me
I did this exact thing and took a small loss as well.
I made the exact same mistake at that exact point on $SPY. It was frustrating, but I’m glad I wasn’t alone on that. Thanks for the breakdown Vincent.
This exact thing is what i struggle with
If you notice.. once Qs hit that resistance .. price started to consolidate in kinda of an ascending triangle , that’s bullish consolidation.. once that double top failed you could guess that downside was gonna be sketchy
Todays chart was so blah..thanks for the transparency
its the same story in 423.3 to 421.2 levels too.
@Click-on-photo392 r u real or scammer?
Appreciate the honesty. I was also in red today big time. I did the same mistake. There is always another day
keeping it real
I show more emotion to the stock market then i do my own wife.
Struggle days of trading like today is what learning is about and why I stay subscribed.
I don't have a large enough account yet for day trading. but I believe that this is really helpful information. Thank you,
Vince that’s exactly what happened to me when I see that big red candle, I entered put and continue to grind the market up😂, lesson learned brother. Vince thanks for everything you do for to educate
Made 2k longing with the trend. Tried shorting the top. Gave half my profits back when it ripped higher lol.
I literally got into spy puts at that same trend break. Broke 9 ema and I jumped in. Held that support. Smh
crazy that you coulda seen a vcp setting up and made 100% long
I made exactly the same transaction today 😅 but I had very short stop loss set, thanks God :)
Hindsight’s 20/20
Gold lesson brother
Very helpful explanation, we all fall prey to this from time to time.
You can short tomorrow